Precise Biometrics Sees Great Potential in New Mobile Paradigm
STOCKHOLM -- September 11, 2013
Precise Biometrics (STO:PREC):
The launch of fingerprint recognition on Apple’s iPhone 5S is a key milestone
in the fingerprint biometric industry. This offers great potential for Precise
Thomas Marschall CEO and President at Precise Biometrics says: “Apple is the
thought leader when it comes to mobile ingenuity and it is our strong belief
that the rest of the mobile industry now will follow this first step towards
making fingerprint biometrics a standard on smart devices. This opens up great
potential for our proven
Match-on-Card™(http://www.precisebiometrics.com/precise-match-card) and the
smart case Tactivo(http://www.precisebiometrics.com/Mobile-Device-Security)”.
The new iPhone 5S allows the user to successfully verify a fingerprint from
different angles. This is key to a successful user experience. One of the
recognized main strengths of the Precise Biometrics’ algorithm is its ability
to handle such “rotating fingers”. This has been proven in test such as MINEX
II and Ongoing MINEX by NIST (US National Institute of Standards and
The Touch ID in iPhone 5S will also be used for a payment system for both
iTunes and Appstore. This will create a new and strong demand for the same
type of solutions on other smart device platforms in segments such as banks
and other transaction based business.
Thomas Marschall adds: “We offer a proven algorithm and a strong Match-on-Card
technology that fits very well into fingerprint based mobile payment and
credit card systems in terms of security and convenience. I believe that our
products presents strong competitive advantages as the mobile industry move
towards making fingerprint sensor standard on smart devices. We also see our
smart case product Tactivo as a perfect complement as it allows third-party
app to also utilize fingerprint recognition”.
Precise Biometrics AB (publ) may be required to disclose the information
provided herein pursuant to the Securities Markets Act. The information was
submitted for publication at 1:15 pm on September 11, 2013.
Precise Biometrics is a market leading supplier of solutions for fingerprint
recognition that guarantee the identity of people. With the highest level of
competence in fingerprint biometrics, Precise Biometrics offers fast, precise
and secure verification of a person's identity. This technology can be used
for ID, company and bank cards, and for access to mobile solutions, computers
and networks. Precise Biometrics delivers its solutions to companies and
government agencies all over the world, and the Company's technology is
licensed to almost 160 million users.
Forfurther information go towww.precisebiometrics.com
This information was brought to you by Cision http://news.cision.com
Precise Biometrics AB
President and CEO
Tel. 46 46 31 11 10 or 46 734 35 11 10
Patrik Norberg, CFO
Tel. 46 46 31 11 47 or 46 734 35 11 47
Press spacebar to pause and continue. Press esc to stop.